Hong Kong, Korea insurers “unprepared” for new environment
While Southeast Asian nations have forged ahead with new risk-based capital rules, other countries, such as Hong Kong and Korea, are seen to be lagging.
As insurance firms worldwide grapple with how new risk-based capital (RBC) rules are affecting their investment portfolios, some Asian markets – such as Hong Kong and Korea – are lagging in their preparations for the new environment, say industry observers.
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